Archives of “May 2020” month

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Trump: Asian Americans are very angry at what China has done to our country and the world

  
  Analysis

A tweet by US president Trump

“Asian Americans are VERY angry at what China has done to our Country, and the World. Chinese Americans are the most angry of all. I don’t blame them!”

I think the more important message here is what he is trying to imply, rather than which population group in particular has strong feelings about the situation.
In short, Trump is still playing the coronavirus blame game and it doesn’t look like he will relent in pinning what has transpired in the US on China.
Just be mindful because this is going to see long-term repercussions in the relationship between the two countries. In the bigger picture, this could spill over to economic consequences and will have a more profound impact on markets in due time.

Pres. Trump excited about $26 oil

  
Analysis, Crude

Its better than $17.29 (July contract low) but still on it’s bact

Pres. Trump is tweeting:
Its better than $17.29 (July contract low) but still on it's bact

The prices off the $17 .29 low area for the July contract, but at $26.33, the price is still way below your high levels at $62.95 and also below breakeven levels for lots of oil producers.

The President is also weighing in on the Tesla situation saying:
  • California should let Tesla and @elonmusk open the plant now. It can be done fast and safely

Spain orders two-week quarantine for incoming travellers from 15 May

  
  Analysis

All incoming travellers from overseas will be quarantined for two weeks

Spain

The travel ban to Schengen region will expire on 15 May, but the European Commission has asked countries to extend the restriction until 15 June at the earliest.

But as you can see with the case of Spain, they are not waiting to allow non-essential travel back into the country. And the issue here is going to be if there is no consistency in the approach that European countries will be taking in this regard.
Spanish authorities will at least impose a two-week quarantine period for incoming travellers but this will only apply to those entering the country during the period of 15 May to 24 May – when the state of emergency is due to end.
It’s a delicate situation since this could easily prompt travellers to just wait out the ten-day period and travel on 25 May to avoid any quarantine.

As for the rest of Europe, it makes things rather complicated as you have countries like France who has said that they will keep their borders closed until at least mid-June.

China’s health authority: Resurgence of virus clusters means now is not the time to relax measures

  
  Analysis

Comments by China’s health authority on the recent developments

Virus
  • While prevention and control measures have normalised, that does not mean they should be eased yet
The remark relates to the resurgence of local clusters of the coronavirus in recent days, which is prompting Wuhan – having lifted lockdown measures a month ago – to conduct a city-wide testing involving millions over a 10-day period.
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